Paychex 10% Owner Proposes $56.2M Share Sale

Merrill Lynch is named as broker, and the sale is listed for approximately September 28, 2026.

Rhea-AI Filing Summary

Paychex, Inc. (PAYX) is named in a notice by B. Thomas Golisano, identified as a 10% stockholder, covering a proposed sale of 562,635 common shares with an aggregate market value of $56,212,863 through Merrill Lynch, Pierce, Fenner & Smith Incorporated. The approximate sale date is September 28, 2026; the notice lists 357,600,000 shares outstanding. Golisano acquired the shares from Paychex in a private placement on May 23, 1996, for cash.

Key Figures

Common shares to be sold: 562,635 shares Aggregate market value: $56,212,863 Shares outstanding: 357,600,000 shares +1 more

4 metrics

Common shares to be sold 562,635 shares Proposed sale

Aggregate market value $56,212,863 Common shares listed for sale

Shares outstanding 357,600,000 shares Paychex

Approximate sale date September 28, 2026 Proposed sale

Key Terms

10% Stockholder, aggregate market value, private placement, Rule 144

4 terms

10% Stockholder regulatory

"10% Stockholder"

aggregate market value financial

"562635 | 56212863"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

private placement financial

"Private Placement"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

Rule 144 regulatory

"definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PAYX shares did B. Thomas Golisano plan to sell?

The notice lists 562,635 Paychex common shares with an aggregate market value of $56,212,863 for the proposed sale through Merrill Lynch, Pierce, Fenner & Smith Incorporated. The approximate sale date is September 28, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/29/2026 - 04:13 PM Accepted by SEC EDGAR 09/29/2026 - 04:12 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0000903201
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Paychex, Inc.
SEC File Number
Address of Issuer	911 PanoramaTrail S Rochester NEW YORK 14625
Phone	5853856666
Name of Person for Whose Account the Securities are To Be Sold	Golisano B Thomas
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch, Pierce, Fenner & Smith Incorporated 1241 Pittsford Victor Rd Pittsford NY 14534	562635	56212863	357600000	09/28/2026	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/23/1996	Private Placement	Paychex			562635	05/23/1996	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
B. Thomas Golisano Revocabl Living Trust 7632 County Road 42 Victor NY 14564	Common	09/28/2026	562635	56212863

144: Remarks and Signature

Remarks
Date of Notice	09/29/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Harrison Wright
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)